There were many reports yesterday of Kodak getting into the blockchain game and their stock rising rapidly as a result. What wasn’t reported in most outlets was that they’re also offering to supply machines to mine Bitcoin:
Kodak, the once iconic camera company, is licensing its brand to Spotlite, which builds computers designed to mine bitcoin, for a new line of bitcoin-mining machines that they plan to rent to the public for thousands of dollars.
On Tuesday, at Kodak’s booth at CES, the tech industry trade show in Las Vegas this week, the company’s representatives handed out flyers to promote the arrangement and the new mining computer, dubbed the Kodak KashMiner.
Kodak and Spotlite are asking prospective customers to sign a two-year deal and pay $3,400 up front to rent the mining machines, which are used to support the bitcoin network and create new coins. As part of the agreement, Spotlite gets to keep half of all proceeds the machines generate by mining bitcoin.
Like Nokia, Kodak don’t actually make anything these days. They’re just lending their brand to what seems like a pretty shady operation, if you ask me…
Source: UK Business Insider